eGain Reports Q1 Fiscal 2027 Revenue of $21.9 Million and Targets AI Growth
eGain (EGAN) reported first-quarter fiscal 2027 results that exceeded management's guidance for both revenue and profitability. Total revenue reached $21.9 million, a figure influenced by the strategic planned runoff of legacy products as the company shifts its focus toward newer technologies. Looking ahead, the company is prioritizing artificial intelligence integration, targeting approximately 20% annual recurring revenue (ARR) growth from AI-driven customers by fiscal 2027. To support this transition and capture market share, eGain intends to increase its investment in sales and marketing spending.
Tickers: $EGAN
Topics: earnings report management guidance profitability revenue growth
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